Free Trial

10-YR YIELD TECHS: Above 3.073 To Target.........>

US
US: 10-YR YIELD TECHS: Above 3.073 To Target 3.183-223
*RES 4: 3.041 - 2014 High Jan 2 
*RES 3: 3.035 - 2018 High Apr 25 
*RES 2: 3.018 - Hourly support Apr 26 now resistance 
*RES 1: 2.996 - High May 2
*PRICE: 2.974 @ 2130GMT
*SUP 1: 2.934 - Low Apr 30 
*SUP 2: 2.925 - Hourly support Apr 20 
*SUP 3: 2.904 - Low Apr 20 
*SUP 4: 2.876 - High Apr 18 now support
*COMMENTARY: Hesitation ahead of 2014 highs & 3.041-073 is a concern given daily
studies correcting from O/B and the proximity of the Bollinger top (3.051). The
close below 3.007 initially targets a correction to 2.925. Below 2.925 is needed
to shift initial focus back to 2.814-887 where 21 (2.887) & 55 (2.866) DMAs are
situated. Bulls look for a close above 3.073 to shift focus 3.183-223 where the
weekly bull channel top is noted.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.